Business Purchase Key Considerations

Summary

When purchasing a business, important considerations include inventory details and valuation, real property titles and leases, plant and equipment condition and valuation, trademarks and copyright registration, business name registration and transfer, employee contracts and entitlements, and any encumbrances like debts or legal claims. Specific legal advice should be sought from a lawyer.

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You are acting for the purchaser, Corey. What important instructions would you need to take on the issues of:- *. Inventory *. Real property – including leases *. Plant and equipment *. Trade marks and copyright *. The business name *. Employees and employee entitlements *. Encumbrance
Hello ****, those are important aspects to consider in a business purchase. Here are some general instructions:
*. Inventory: Detailed list and valuation
*. Real Property: Titles, leases, and condition of properties
*. Plant and Equipment: List, condition, and valuation
*. Trademarks and Copyright: Registration details
*. Business Name: Registration and transfer process
*. Employees and Entitlements: Contracts, entitlements
*. Encumbrances: Any debts or legal claims on the business
Remember, this is general advice and specific legal advice should be sought from a lawyer.